Shukhrat Ibragimov Elected Chairman of ERG Board

On Wednesday 17 July 2024, Eurasian Resources Group S.à r.l. (ERG), a leading diversified natural resources group headquartered in Luxembourg, announced changes to the composition of its Board of Directors.

According to ERG, these changes are aimed at further developing and strengthening the company in response to global challenges and fast-changing market conditions.

Shukhrat Ibragimov, a member of the Board since 2021, has been elected Chairman. Sabir Chodiev is replacing Dr Patokh Chodiev, while Eduard Surlevich is replacing Dr Alexander Machkevitch. Representatives of the Kazakhstan government - Deputy Prime Minister Serik Zhumangarin and Minister of Finance Madi Takiyev - continue in their roles as members of the Board.

ERG praised the contribution of the group's founding shareholders, Dr Alexander Machkevitch and Dr Patokh Chodiev, as well as Alijan Ibragimov, to the work of the Board. The group reported that the large-scale business transformation launched in 2014 has enabled ERG to become "a global leader, setting new standards for the industry". ERG added that it has created tens of thousands of new jobs in countries in which it operates, implementing a range of social projects to improve the standard of living for local communities.

The newly appointed managers, who have long been involved in the company's operations and have extensive experience in the industry, will continue to work in cooperation with the group's shareholders towards achieving ERG's strategic goals and objectives. As reported by ERG, their expertise and dedication to the company's values will ensure that its course remains consistent and stable as part of the natural evolution of the group.

ERG's mission remains unchanged: "To be the best at what we do and drive global change, whilst holding true to our values, helping unlock the potential of the Earth and its people and ensure the prosperity of those who rely on us."